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Segment and Geographic Information (Tables)
 9 Months Ended
Oct. 02, 2026
Segment Reporting [Abstract]  
Schedule of Revenue, Operating Income and Identifiable Assets by Segment
The following tables reflect the revenue, costs and expenses, and operating income of our reportable operating segments under our management reporting system. Segment costs and expenses include directly attributable costs and certain indirect costs allocated to segments, such as facilities, information technology, cloud services, finance, legal, and human resources. This is consistent with the way the CODM evaluates each segment’s performance and allocates resources.
Reportable Segments
AECOField SystemsT&L
(In millions)
Third Quarter of 2026
Segment revenue$395.0 $435.8 $136.0 
Cost of sales
63.9 189.6 31.0 
Operating expense
198.9 117.5 69.3 
Operating income
$132.2 $128.7 $35.7 
Operating income %
33.5 %29.5 %26.3 %
Third Quarter of 2025
Segment revenue$358.5 $408.7 $134.0 
Cost of sales
58.7 167.4 32.3 
Operating expense
185.9 104.6 67.1 
Operating income
$113.9 $136.7 $34.6 
Operating income %
31.8 %33.4 %25.8 %
First Three Quarters of 2026
Segment revenue$1,174.6 $1,287.5 $416.6 
Cost of sales
187.8 541.9 99.5 
Operating expense
612.5 353.1 213.7 
Operating income
$374.3 $392.5 $103.4 
Operating income %
31.9 %30.5 %24.8 %
First Three Quarters of 2025
Segment revenue$1,044.2 $1,160.6 $412.7 
Cost of sales
177.3 483.5 110.5 
Operating expense
555.0 312.8 212.9 
Operating income
$311.9 $364.3 $89.3 
Operating income %
29.9 %31.4 %21.6 %
Schedule of Reconciliation of Our Condensed Consolidated Segment Operating Income to Condensed Consolidated Income Before Income Taxes
A reconciliation of the condensed consolidated segment operating income to condensed consolidated income (loss) before income taxes was as follows: 
Third Quarter of First Three Quarters of
2026202520262025
(In millions)
Total segment operating income
$296.6 $285.2 $870.2 $765.5 
Unallocated general corporate expenses(34.0)(31.0)(103.8)(90.5)
Amortization of purchased intangible assets(43.7)(43.6)(131.0)(128.5)
Acquisition / divestiture items(13.1)(1.3)(42.9)(12.9)
Stock-based compensation / deferred compensation(33.1)(36.6)(121.1)(114.9)
Restructuring and other costs(30.7)(22.2)(53.4)(42.9)
Consolidated operating income142.0 150.5 418.0 375.8 
Total non-operating expense, net(20.7)(25.4)(610.2)(51.0)
Consolidated income (loss) before taxes$121.3 $125.1 $(192.2)$324.8 
Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Geographical Area, Revenue and Long-Lived Asset
The disaggregation of revenue by geography is summarized in the tables below. Revenue is defined as revenue from external customers attributed to countries based on the location of the customer and is consistent with the Reportable Segments tables above.
Reportable Segments
AECOField SystemsT&LTotal
(In millions)
Third Quarter of 2026
North America$261.4 $259.7 $70.5 $591.6 
Europe89.0 97.2 61.2 247.4 
Asia Pacific32.6 55.4 2.7 90.7 
Rest of World12.0 23.5 1.6 37.1 
Total segment revenue $395.0 $435.8 $136.0 $966.8 
Third Quarter of 2025
North America$231.2 $225.4 $72.0 $528.6 
Europe87.8 101.5 58.3 247.6 
Asia Pacific29.7 54.1 2.8 86.6 
Rest of World9.8 27.7 0.9 38.4 
Total segment revenue $358.5 $408.7 $134.0 $901.2 
First Three Quarters of 2026
North America$766.3 $733.5 $216.7 $1,716.5 
Europe275.2 320.8 188.3 784.3 
Asia Pacific99.2 163.2 8.0 270.4 
Rest of World33.9 70.0 3.6 107.5 
Total segment revenue$1,174.6 $1,287.5 $416.6 $2,878.7 
First Three Quarters of 2025
North America$684.3 $634.2 $226.7 $1,545.2 
Europe245.8 302.6 171.6 720.0 
Asia Pacific87.9 151.2 8.8 247.9 
Rest of World26.2 72.6 5.6 104.4 
Total segment revenue$1,044.2 $1,160.6 $412.7 $2,617.5